First Republic Bank Is Said to Weigh $100 Billion Asset Sales

First Republic reported disappointing earnings, revealing a significant drop in deposits. The bank is attempting to sell up to $100 billion in assets to shrink its balance sheet, aiming to attract external investors and possibly require government intervention. Despite these efforts, the bank's future remains uncertain, with potential buyers being considered and the need for a capital injection to continue operations. The bank, which targets wealthy clients, faces a bleak outlook unless a rescue deal is secured.

What was the main issue highlighted in First Republic Bank's recent earnings report?

• Acquisition of another bank

• Expansion of services

• Unexpected drop in deposits

• Increase in profits

What is First Republic Bank's strategy to make itself more appealing to investors?

• Increasing interest rates

• Selling long-dated mortgages and securities

• Expanding its branch network

• Launching new financial products

Why is First Republic Bank considering government intervention?

• To reduce its workforce

• To expand its operations

• To continue operating amidst the crisis

• To increase its market share

What has been the impact on First Republic Bank's business targeting wealthy clients?

• Implementation of measures that limit business

• Introduction of luxury banking services

• Increase in client base

• Expansion into new markets

What is the outlook for First Republic Bank without a rescue deal?

• Bright and promising

• Stable and secure

• Bleak and uncertain

• Rapid growth expected